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The Apecoin (APE) token has been the hype of the week, from the top performer of the week to the worst performer today. So, what's next?

Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.

One altcoin running on the Ethereum (ETH) network is seeing massive gains after a new blockchain launched in its ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, soared to $1.74 on Monday, a 135% jump in value form Saturday.

Are NFTs making a comeback? Following the surge in BAYC's ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains.

The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.

D3 Global, a web3 domain name company, has launched top-level domain names for the ApeCoin community. An announcement the firm published on Oct. 22 noted that the ApeCoin (APE) ecosystem can now use the.

ApeCoin token experienced a sharp reversal on Oct. 22, erasing some of the gains made in the previous five days. ApeCoin (APE), associated with Yuga Labs, the creators of Bored Ape Yacht Club, retreated to $1.

The launch of Apechain was one of the most bullish events for the APE price rally as the token surged above the current consolidation.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

The ApeChain launch still provides Ape Coin price with tailwinds, but Bitcoin has taken a more prominent role in defining market direction.

ApeCoin has doubled in value, with bullish options activity suggesting traders are optimistic about further growth, driving up open interest by over 800%.

ApeCoin has surged a remarkable 100% in the last week following the announcement of Apechain and a new staking program.

APE has doubled in value to $1.5 since the weekend.

The altcoin market, led by ApeCoin (APE), has been gaining bullish momentum following the recent Bitcoin (BTC) price pump towards the 2021 all-time high (ATH) above $69k. The web3 projects have been making impressive and strategic partnerships in the recent past to ensure sustainable growth shortly.

With renewed interest, ApeCoin's momentum is set to grow, fostering a community of both newcomers and seasoned holders.

A token designed to foster the growth of art, gaming, entertainment, digital and physical events, storytelling, and the broader aspirations of Web3. It will function as a decentralized protocol layer to support community-driven initiatives that advance culture into the metaverse.

The price of ApeCoin (APE) has surged nearly 100% in the last seven days following the announcement of Apechain and APE's staking program. Despite this rally, whales are not accumulating more APE, indicating a lack of confidence in the sustainability of this price increase.

ApeCoin price soared over the weekend, doubling in value as the launch of the Apechain bridge reversed a year of decline.

ApeCoin (APE) has seen its price jump by over 100% today, driven largely by the rollout of advanced technologies and newly implemented incentive programs. These initiatives are designed to boost user participation and broaden the token's utility across multiple networks, fueling the recent surge in value.

Yuga Labs-powered ApeChain welcomes aficionados with peculiar Layer-3 innovations as ApeCoin jumps on a quick 2x.

While bitcoin is up 4.6% this past week and ethereum gained 5.2% over the seven day run, a large number of crypto assets saw double-digit weekly gains and some managed to capture triple-digit rises. The leaders of the pack this week included GOAT and APE which rose 191% to 102% respectively.

Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

Apecoin (APE) tries to break out again, with predictions for $2 if the asset closes above $1.83.

Apechain mainnet launch and LayerZero's integration translated to 100% price upside for APE in recent days.